Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sartell Steel Frame Brick Building Title is generated by Realmo AI

    304 1st Avenue E, Sartell, MN 56377

    View on Map
    Claim this Listing
    For Sale
    $1,000,000

    Well-constructed commercial building with income potential in a prime location.

    Type:General Commercial
    Property size:
    6,000 SF
    Price / SF:
    $166/SF
    Added:
    Aug 21, 2024
    Days on Market:
    651
    Last Refresh:
    May 13 at 8:34 pm

    Property Features for 304 1st Avenue E

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Ross Burau

    Listing agent Ross Burau

    Listing office PATRICK MURPHY REALTY

    Listing date Aug 21, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of PATRICK MURPHY REALTY

    HighLights

    • Steel frame and brick construction in a desirable Sartell location.
    • Income‑producing potential: owner occupancy of one suite with rental income from the other, or rent both.
    • Ample parking with potential for future expansion.
    • Easy access to Hwy 10 and Hwy 15.
    • Equipped with 3‑phase wiring.
    • Recent upgrades: new roof (2018) and solar panels (2021).

    Overview

    This well-constructed steel frame and brick building is situated in a desirable location in Sartell. The property features two suites, currently occupied by one of the owners. The upper suite includes male and female bathrooms, four offices, and a common area. The lower unit is partially finished and used for screen printing apparel, also equipped with male and female bathrooms. The property includes two parcel IDs due to the parking lot. Located on Benton Drive, it offers convenient access to Hwy 10 and Hwy 15. On-site parking is plentiful, with a large parking lot that allows for future growth and expansion. The property is equipped with 3-phase wiring to accommodate larger electrical equipment. A new roof was installed in 2018, and solar panels were added in July 2021. Spanning 6000 square feet, the property presents an opportunity for an owner to occupy one suite and rent out the other, or to lease both units as an income-producing property.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $120.2k $20.04
    − Vacancy −$5.3k −$0.88
    EGI $114.9k $19.16
    − OpEx −$34.5k −$5.75
    NOI $80.5k $13.41
    6,000 SF · lease $20.04/SF/yr · vacancy 4.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.15M
    $1.01M – $1.34M (±1% cap)
    NOI $80,465 @ 7.0% cap · market cap 8.05%
    Second Best
    Office B
    $988.2K
    $864.7K – $1.15M (±1% cap)
    NOI $69,176 @ 7.0% cap · market cap 6.92%
    Theoretical Best
    Office A
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,960 @ 7.0% cap · market cap 9.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Krillan, Inc. Textile Manufacturer

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sartell
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2139
    Latitude
    45.6191

    Nearby Similar for Sale

    • $899,900

      Steel-Framed Mixed-Use Office Building

      Well-built steel and brick structure with flexible suites, ample parking, and power upgrades for a range of commercial uses.
      304 1st Avenue E, Sartell, MN 56377
      View Details
    • $795,000

      Freestanding Restaurant Building with Drive-Thru

      Turnkey restaurant with drive-thru in high-traffic retail corridor.
      50 County Road 120, Sartell, MN 56303
      View Details
    • $1,695,000
      12,408 SF

      Sartell Commercial Property For Sale

      High-visibility commercial building in Sartell's medical market.
      100 2nd St S, Sartell, MN 56377
      View Details
    • $5,000,000
      34,312 SF

      Sartell Net Leased Investment Property

      Net leased investment property in Sartell, MN with long-term tenant.
      200 14th Ave E, Sartell, MN 56377
      View Details
    • $4,199,406
      23,598 SF

      Sartell Medical/Professional Office Building

      Class B office building in Sartell's Regional Medical Arts Campus.
      1901 Kruchten Ct S, Sartell, MN 56377
      View Details
    • $12

      Sartell Office Space Available

      Professional office space in Sartell with Mississippi River views.
      10 Riverside Avenue S, Sartell, MN 56377
      View Details
    • $4,000,000

      Sartell Office Building For Sale

      Office building in Sartell, MN, leased through March 2032.
      250 14th Ave E, Sartell, MN 56377
      View Details
    • $5,000,000
      34,312 SF

      Sartell Office Building For Sale

      Suburban office building in Sartell, leased through March 2032.
      200 14th E Ave, Sartell, MN
      View Details
    • $4,000,000
      23,840 SF

      Sartell Office Building For Sale

      Office building in Sartell, MN, leased through March 2029.
      250 14th E Ave, Sartell, MN
      View Details

    FAQs

    What type of property is this?
    Office units - Well-constructed commercial building with income potential in a prime location.
    Where is this office units located?
    The property is located at 304 1st Avenue E Sartell, MN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Steel frame and brick construction in a desirable Sartell location.; Income‑producing potential: owner occupancy of one suite with rental income from the other, or rent both.; Ample parking with potential for future expansion.
    (612) 941-9494
    We can help!
    Listing Contact
    Ross Burau
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    304 1st Avenue E, Sartell, MN 56377
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!